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comp / comp.os.linux.advocacy / Re: DumbFuck Harris Dragged After Seemingly Not Knowing That Electric Vehicles Actually Run On Electricity

SubjectAuthor
* Bidenomics Strikes Again! Dow futures slide 600 points, S&P futures lose 2.5% aJohn Smyth
+* Re: Bidenomics Strikes Again! Dow futures slide 600 points, S&P futures lose 2.Mitchell Holman
|+- Re: Bidenomics Strikes Again! Dow futures slide 600 points,-hh
|+* Re: Bidenomics Strikes Again! Dow futures slide 600 points, S&P futures lose 2.June
||`- Re: DumbFuck Harris Dragged After Seemingly Not Knowing That Electric Vehicles AGilbert
|`- Re: DumbFuck Harris Dragged After Seemingly Not Knowing That Electric Vehicles AGilbert
`* Re: Bidenomics Strikes Again! Dow futures slide 600 points, S&P futures lose 2.Rick
 `- Re: Bidenomics Strikes Again! Dow futures slide 600 points,-hh

1
Subject: Bidenomics Strikes Again! Dow futures slide 600 points, S&P futures lose 2.5% as global market sell-off intensifies: Live updates
From: John Smyth
Newsgroups: alt.fan.rush-limbaugh, comp.os.linux.advocacy, talk.politics.guns
Organization: A noiseless patient Spider
Date: Mon, 5 Aug 2024 12:47 UTC
Path: eternal-september.org!news.eternal-september.org!.POSTED!not-for-mail
From: smythlejon2@hotmail.com (John Smyth)
Newsgroups: alt.fan.rush-limbaugh,comp.os.linux.advocacy,talk.politics.guns
Subject: Bidenomics Strikes Again! Dow futures slide 600 points, S&P futures lose 2.5% as global market sell-off intensifies: Live updates
Date: Mon, 05 Aug 2024 08:47:33 -0400
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FJB

'Dow futures slide 600 points, S&P futures lose 2.5% as global market
sell-off intensifies: Live updates'

<https://www.cnbc.com/2024/08/04/stock-market-today-live-updates.html>

'U.S. stock futures tumbled Monday as part of a global market sell-off
centered around U.S. recession fears. Japan’s Nikkei 225
plunged 12% in its worst day since the 1987 Black Monday crash for Wall
Street.

Here’s where U.S. stock market futures stand at the moment:

Dow Jones Industrial Average futures
dropped 1,227 points, or 3.1%, following a 611-point loss on Friday.
S&P 500 futures
are down 4.3% after the benchmark lost 1.8% on Friday.
Nasdaq-100 futures
lost 5.7% as big tech stocks got hit hard in early trading.
If the Dow was to follow through on that decline, it would be the first
1,000 point decline since September 2022.

Fears of a U.S. recession were the main culprit for the global market
meltdown after Friday’s disappointing July jobs report. Investors are
also concerned that the Federal Reserve is behind in cutting interest
rates to bolster an economic slowdown, with the central bank choosing
instead to keep rates at the highest in two decades last week.'

'There’s also an unwinding of the once-hot artificial intelligence trade
going on. Tech shares were among the worst performers in early trading
Monday:

Nvidia
tumbled 9% Monday after going into the session already down more than
23% from its recent high.
Apple
cratered more than 8% after Warren Buffett’s Berkshire Hathaway cut its
stake in the iPhone-maker in half.
Other losers included Tesla
, down 7%, and Broadcom
and Super Micro Computer
down more than 9% apiece.
In Asia overnight, Japan stocks confirmed a bear market as Asia-Pacific
investors had their first chance to react to the sour jobs figures in
the U.S. from Friday. The 12.4% loss on the Nikkei — which closed at
31,458.42 — was the worst day for the index since the “Black Monday” of
1987 hit Wall Street. The loss of 4,451.28 points on the index was also
the largest in terms of points in its entire history. The Dow lost more
than 22% in a single day on Black Monday.

Other global markets were also severely impacted:

U.S. Treasury yields tumbled on the recession fears and as investors
flooded into bonds for a global safe haven. Bond prices move inversely
to yields. The benchmark 10-year note on Friday yielded 3.76%, down from
where it was one week previously at 4.20% and the lowest in a year.
Bitcoin tumbled from nearly $62,000 Friday to around $52,000 on Monday.
Europe’s Stoxx 600 was off by 2.6% in London.
The CBOE Volatility Index
shot higher to above 53, its highest since the early days of the
pandemic in 2020.
There is also chatter about the unwind of yen “carry trade” adding fuel
to the global market decline after the Bank of Japan raised interest
rates last week. The yen is rising in value vs. the U.S. dollar, ending
a practice of traders borrowing in the cheap currency to buy other
global assets.

“It’s painful,” said Victoria Greene, chief investment officer at G
Squared Private Wealth on CNBC’s “Worldwide Exchange.” “I think there’s
a lot being absorbed that happened over the weekend between Berkshire
cutting Apple...you had the Japan sell-off... you have the yen spike and
the end of that carry trade...You have a lot of bad news getting priced
in.”

“This is a pullback, a correction,” she added. “We’ll probably hit
oversold at some point...rather quickly at these levels.”

On Friday, the Nasdaq capped a third straight week of losses, bringing
the tech-heavy index down more than 10% from a record set last month.
The S&P 500 also posted a third straight losing week, down 2% for the
week. Even the Dow Jones Industrial Average, which had been
outperforming, snapped a four-week win streak, falling 2%. The S&P 500
went into Monday’s session down 5.7% from its recent all-time high.

Economic data due out Monday include the July ISM Services PMI, a
measure of the performance of U.S. services companies that’s set to show
a rise to 50.9, up from 48.8 previously.'

Subject: Re: Bidenomics Strikes Again! Dow futures slide 600 points, S&P futures lose 2.5% as global market sell-off intensifies: Live updates
From: Mitchell Holman
Newsgroups: alt.fan.rush-limbaugh, comp.os.linux.advocacy, talk.politics.guns
Organization: ViperNews - www.vipernews.com
Date: Mon, 5 Aug 2024 12:58 UTC
References: 1
Newsgroups: alt.fan.rush-limbaugh,comp.os.linux.advocacy,talk.politics.guns
Subject: Re: Bidenomics Strikes Again! Dow futures slide 600 points, S&P futures lose 2.5% as global market sell-off intensifies: Live updates
From: noemail@aol.com (Mitchell Holman)
References: <vbi1bj54eqakn0u9s3tue3kui03b1tqrei@4ax.com>
Organization: ViperNews - www.vipernews.com
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John Smyth <smythlejon2@hotmail.com> wrote in
news:vbi1bj54eqakn0u9s3tue3kui03b1tqrei@4ax.com:

> FJB
>
> 'Dow futures slide 600 points, S&P futures lose 2.5%
> as ------> global market <------
> sell-off intensifies: Live updates'
>
> <https://www.cnbc.com/2024/08/04/stock-market-today-live-updates.html>
>
> 'U.S. stock futures tumbled Monday as part of a ----> global market
> sell-off <------
> centered around U.S. recession fears. Japan�s Nikkei 225
> plunged 12% in its worst day since the 1987 Black Monday crash for Wall
> Street.
>
> Here�s where U.S. stock market futures stand at the moment:
>
> Dow Jones Industrial Average futures
> dropped 1,227 points, or 3.1%, following a 611-point loss on Friday.
> S&P 500 futures
> are down 4.3% after the benchmark lost 1.8% on Friday.
> Nasdaq-100 futures
> lost 5.7% as big tech stocks got hit hard in early trading.
> If the Dow was to follow through on that decline, it would be the first
> 1,000 point decline since September 2022.
>
> Fears of a U.S. recession were the main culprit for
> the ------> global market meltdown <----- after Friday�s disappointing
July jobs report. Investors are

What does GLOBAL market mean to you?

Subject: Re: Bidenomics Strikes Again! Dow futures slide 600 points, S&P futures lose 2.5% as global market sell-off intensifies: Live updates
From: -hh
Newsgroups: comp.os.linux.advocacy, alt.fan.rush-limbaugh, talk.politics.guns
Organization: A noiseless patient Spider
Date: Mon, 5 Aug 2024 14:19 UTC
References: 1 2
Path: eternal-september.org!news.eternal-september.org!.POSTED!not-for-mail
From: recscuba_google@huntzinger.com (-hh)
Newsgroups: comp.os.linux.advocacy,alt.fan.rush-limbaugh,talk.politics.guns
Subject: Re: Bidenomics Strikes Again! Dow futures slide 600 points,
S&P futures lose 2.5% as global market sell-off intensifies: Live
updates
Date: Mon, 5 Aug 2024 15:19:11 +0100
Organization: A noiseless patient Spider
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Mitchell Holman <noemail@aol.com> wrote:
> John Smyth <smythlejon2@hotmail.com> wrote in
> news:vbi1bj54eqakn0u9s3tue3kui03b1tqrei@4ax.com:
>
>> FJB
>>
>> 'Dow futures slide 600 points, S&P futures lose 2.5%
>> as ------> global market <------
>> sell-off intensifies: Live updates'
>>
>> <https://www.cnbc.com/2024/08/04/stock-market-today-live-updates.html>
>>
>> 'U.S. stock futures tumbled Monday as part of a ----> global market
>> sell-off <------
>> centered around U.S. recession fears. Japan’s Nikkei 225
>> plunged 12% in its worst day since the 1987 Black Monday crash for Wall
>> Street.
>>
>> Here’s where U.S. stock market futures stand at the moment:
>>
>> Dow Jones Industrial Average futures
>> dropped 1,227 points, or 3.1%, following a 611-point loss on Friday.
>> S&P 500 futures
>> are down 4.3% after the benchmark lost 1.8% on Friday.
>> Nasdaq-100 futures
>> lost 5.7% as big tech stocks got hit hard in early trading.
>> If the Dow was to follow through on that decline, it would be the first
>> 1,000 point decline since September 2022.
>>
>> Fears of a U.S. recession were the main culprit for
>> the ------> global market meltdown <----- after Friday’s disappointing
>> July jobs report. Investors are
>
>
> What does GLOBAL market mean to you?
>

It means that the quarter point increase in rates by Japan’s central bank
have an unwinding of the Yen carry trade.

Translated, it means arbitrage was to borrow Yens at 0%, invest the loan in
US equities/bonds at a higher return = profits. But now that one can no
longer borrow the Yen that cheaply, the math on this calculation has now
changed, so one reduces this means of leveraging. Less money in the market
= market prices fall.

-hh

Subject: Re: Bidenomics Strikes Again! Dow futures slide 600 points, S&P futures lose 2.5% as global market sell-off intensifies: Live updates
From: Rick
Newsgroups: alt.fan.rush-limbaugh, comp.os.linux.advocacy, talk.politics.guns
Followup: alt.atheism.satire
Date: Mon, 5 Aug 2024 15:33 UTC
References: 1
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From: rander3127@gmail.com (Rick)
Newsgroups: alt.fan.rush-limbaugh,comp.os.linux.advocacy,talk.politics.guns
Subject: Re: Bidenomics Strikes Again! Dow futures slide 600 points, S&P futures lose 2.5% as global market sell-off intensifies: Live updates
Followup-To: alt.atheism.satire
Date: Mon, 5 Aug 2024 15:33:15 -0000 (UTC)
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Biden's to blame because the government controls the economy. Trump will fix
the stock market by ordering it to rise. He has powers over capitalism that
we've never seen.

Subject: Re: Bidenomics Strikes Again! Dow futures slide 600 points, S&P futures lose 2.5% as global market sell-off intensifies: Live updates
From: June
Newsgroups: alt.fan.rush-limbaugh, comp.os.linux.advocacy, talk.politics.guns
Followup: alt.atheism.satire
Organization: d
Date: Mon, 5 Aug 2024 15:34 UTC
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From: eaun@excite.com (June)
Newsgroups: alt.fan.rush-limbaugh,comp.os.linux.advocacy,talk.politics.guns
Subject: Re: Bidenomics Strikes Again! Dow futures slide 600 points, S&P futures lose 2.5% as global market sell-off intensifies: Live updates
Followup-To: alt.atheism.satire
Date: Mon, 5 Aug 2024 15:34:39 -0000 (UTC)
Organization: d
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>
> What does GLOBAL market mean to you?

When Texas based stocks fall on the DOW, it's always Greg Abbot's fault.

Right wing logic.

Subject: Re: Bidenomics Strikes Again! Dow futures slide 600 points, S&P futures lose 2.5% as global market sell-off intensifies: Live updates
From: -hh
Newsgroups: comp.os.linux.advocacy, alt.fan.rush-limbaugh, talk.politics.guns
Followup: alt.atheism.satire
Organization: A noiseless patient Spider
Date: Mon, 5 Aug 2024 21:22 UTC
References: 1 2
Path: eternal-september.org!news.eternal-september.org!.POSTED!not-for-mail
From: recscuba_google@huntzinger.com (-hh)
Newsgroups: comp.os.linux.advocacy,alt.fan.rush-limbaugh,talk.politics.guns
Subject: Re: Bidenomics Strikes Again! Dow futures slide 600 points,
S&P futures lose 2.5% as global market sell-off intensifies: Live
updates
Followup-To: alt.atheism.satire
Date: Mon, 5 Aug 2024 22:22:41 +0100
Organization: A noiseless patient Spider
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Rick <rander3127@gmail.com> wrote:
> Biden's to blame because the government controls the economy.

How does Biden control the Japanese government?

Because today’s sell off started in Japan, reportedly because their central
bank raised interest rates by +.25%, which “broke” the Yen Carry Trade
arbitrage scheme in the ROW markets.

> Trump will fix
> the stock market by ordering it to rise. He has powers over capitalism that
> we've never seen.

Likewise, how does Trump control the Japanese government?

-hh

Subject: Re: DumbFuck Harris Dragged After Seemingly Not Knowing That Electric Vehicles Actually Run On Electricity
From: Gilbert
Newsgroups: alt.fan.rush-limbaugh, comp.os.linux.advocacy, talk.politics.guns, alt.atheism, or.politics
Date: Mon, 5 Aug 2024 21:55 UTC
References: 1 2
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From: gilbert.h.b@gmail.com (Gilbert)
Subject: Re: DumbFuck Harris Dragged After Seemingly Not Knowing That Electric Vehicles Actually Run On Electricity
References: <vbi1bj54eqakn0u9s3tue3kui03b1tqrei@4ax.com> <XnsB1C54FFAFE56C629555@185.151.15.190>
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View all headers

In <v8qref$qskq$4@solani.org> June wrote:
>
>>
>> What does GLOBAL market mean to you?
>
> When Texas based stocks

You don't own any stocks.

Subject: Re: DumbFuck Harris Dragged After Seemingly Not Knowing That Electric Vehicles Actually Run On Electricity
From: Gilbert
Newsgroups: alt.fan.rush-limbaugh, comp.os.linux.advocacy, talk.politics.guns, alt.atheism, or.politics, sac.politics
Date: Fri, 9 Aug 2024 05:35 UTC
References: 1 2 3
Date: Fri, 9 Aug 2024 07:35:12 +0200
From: gilbert.h.b@gmail.com (Gilbert)
Sender: <yamn@frell.theremailer.net>
Injection-Date: Fri, 9 Aug 2024 05:40:01 +0000 (UTC)
Comments: This message was transferred to Usenet via mail2news gateway at
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Newsgroups: alt.fan.rush-limbaugh,comp.os.linux.advocacy,talk.politics.guns,alt.atheism,or.politics,sac.politics
Subject: Re: DumbFuck Harris Dragged After Seemingly Not Knowing That Electric Vehicles Actually Run On Electricity
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Message-ID: <20240809.073512.3aa4ce0f@remailer.frell.eu.org>
References: <vbi1bj54eqakn0u9s3tue3kui03b1tqrei@4ax.com> <XnsB1C54FFAFE56C629555@185.151.15.190> <v8qref$qskq$4@solani.org>
View all headers

In <v8qref$qskq$4@solani.org> June wrote:
>
>>
>> What does GLOBAL market mean to you?
>
> When Texas based stocks

offset the damage idiots Biden and Harris did to the US economy.

1

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